Banks’ loan loss provisioning hit a 12-quarter low in March 2026, driven by private sector banks amid improving asset quality and recoveries. Overall provisioning dropped 23.5% year-on-year, with most banks reporting lower provisions. Public sector banks, however, saw a sequential increase in provisioning.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.